Stocks of Stryve Foods Inc. (NASDAQ:SNAX) traded higher last session on Wall Street, down -2.87% to $0.68.
According to the data, Stryve Foods Inc. (NASDAQ:SNAX) has 3 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $3.00 and a low of $1.00, we find $2.00. Given the previous closing price of $0.70, this indicates a potential upside of 185.71 percent. SNAX stock price is now -6.59% away from the 50-day moving average and -13.64% away from the 200-day moving average. The market capitalization of the company currently stands at $20.51M.
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A total of 0 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $2.00 as their price target over the next twelve months.
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In other news, Christenson Gregory Stephen, Director bought 25,100 shares of the company’s stock on Dec 16. The stock was bought for $18,072 at an average price of $0.72. Upon completion of the transaction, the Director now directly owns 58,253 shares in the company, valued at $39612.04. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 14, Director Weil B. Luke bought 35,000 shares of the business’s stock. A total of $26,250 was incurred on buying the stock at an average price of $0.75. This leaves the insider owning 602,019 shares of the company worth $0.41 million. Insiders disposed of 31,029 shares of company stock worth roughly $21099.72 over the past 1 year. A total of 17.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SNAX stock. A new stake in Stryve Foods Inc. shares was purchased by CITADEL ADVISORS LLC during the first quarter worth $121,000. VIRTU FINANCIAL LLC invested $50,000 in shares of SNAX during the first quarter. In the first quarter, TWO SIGMA SECURITIES, LLC acquired a new stake in Stryve Foods Inc. valued at approximately $45,000. MERIT FINANCIAL GROUP, LLC acquired a new stake in SNAX for approximately $16,000. JENKINS WEALTH purchased a new stake in SNAX valued at around $15,000 in the second quarter. In total, there are 27 active investors with 14.60% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $0.7002 for Stryve Foods Inc. (NASDAQ: SNAX). During the past 12 months, Stryve Foods Inc. has had a low of $0.22 and a high of $3.02. As of last week, the company has a debt-to-equity ratio of 0.26, a current ratio of 2.50, and a quick ratio of 1.30. The fifty day moving average price for SNAX is $0.7281 and a two-hundred day moving average price translates $0.7875 for the stock.
The latest earnings results from Stryve Foods Inc. (NASDAQ: SNAX) was released for Jun, 2022. According to the Packaged Foods Company, earnings per share came in at -$0.53, missing analysts’ expectations of -$0.33 by -0.2. This compares to -$0.48 EPS in the same period last year. The company reported revenue of $6.17 million for the quarter, compared to $9.06 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -31.9 percent. For the current quarter, analysts expect SNAX to generate $7.95M in revenue.
Stryve Foods Inc.(SNAX) Company Profile
Stryve Foods, Inc. manufactures, markets, and sells snacking products in North America. The company’s product portfolio consists primarily of air-dried meat snack products marketed under the Stryve, Kalahari, Braaitime, and Vacadillos brands. It also produces meat sticks, chili bites, meat crisps, and nutrition products, as well as carne seca products. The company distributes its products through retail channels, including grocery, club stores, and other retail outlets; and directly to consumers through its e-commerce websites, as well as directly to consumer through the Amazon platform. Stryve Foods, Inc. was founded in 2017 and is headquartered in Plano, Texas.
